Boeing, Malaysia Airlines Sign MOU for 16 Airplanes

Boeing [NYSE: BA] and Malaysia Airlines Berhad (Malaysia Airlines) today signed a Memorandum of Understanding for 16 airplanes during a ceremony at the St. Regis Hotel in Washington D.C.

The signing was witnessed by Dato´ Sri Mustapa bin Mohamed, Malaysian Minister of International Trade and Industry and in the presence of The Honorable Dato´ Sri Muhammad Najib Bin Tun Abdul Razak, Prime Minister of Malaysia as well as members from the airline and Boeing.

The announcement includes eight 787-9 Dreamliners by converting eight of Malaysia Airlines´ existing order of the Boeing 737 MAX aircraft and eight additional purchase rights of the 737 MAX 8s as well as Boeing´s Global Fleet Care service to maintain the national carrier´s current and future Boeing airplanes. Once finalized, the deal will be posted to Boeing´s Orders and Deliveries website.

Malaysia Airlines currently operates more than 50 Next-Generation 737s and has an additional 25 737 MAXs on order, including 10 for the new 737 MAX 10.

The 787 is a family of technologically advanced, super-efficient airplanes with new passenger-pleasing features and uses 25 percent less fuel and with 20 to 25 percent fewer emissions than the airplanes it replaces. The 737 MAX 10 will be the most profitable single-aisle airplane, offering the lowest seat costs ever. The 737 MAX family has been designed to offer customers exceptional performance, flexibility and efficiency, with lower per-seat costs and an extended range that will open up new destinations in the single-aisle market.

Boeing Global Fleet Care provides point solutions in the form of Engineering, Materials and Maintenance programs for air operators, accomplished through the use of decades of fleet data management, industry-leading technologies, and proprietary analytics and processes. Tailored to the individual airline, Boeing Global Fleet Care is a high-value, low-risk and efficient fleet maintenance operations solution that gives customers a competitive advantage in the marketplace.

Malaysia Airlines is the national carrier of Malaysia, offering the best way to fly to, from and around Malaysia. Malaysia Airlines carries 40,000 guests daily on memorable journeys inspired by Malaysia´s diverse richness. Malaysia Airlines embodies the incredible diversity of Malaysia, capturing its rich traditions, cultures, cuisines and warm hospitality on board, while opening up more of Malaysia´s destinations than any other airline.

Boeing is the world´s largest aerospace company and manufacturer of commercial jetliners and defense, space and security systems and also provides numerous commercial airline and military support services. Boeing has been the premier manufacturer of commercial jetliners for more than 40 years and with its long tradition of aerospace leadership and innovation, continues to expand its product line and services to meet emerging customer needs. Boeing provides products and support services to customers in 150 countries and is one of the largest US exporters in terms of sales. With corporate offices in Chicago, Boeing employs approximately 145,000 people across the United States and in more than 65 countries. For more information, visit www.boeing.com.